Author: News Desk

American Express and Worldpay have recently announced a partnership aimed at improving the payment experience for small businesses in the UK by increasing the acceptance of American Express cards. This collaboration underscores American Express’s strategy to expand its market presence in the UK and enhance the reach of its services to Cardmembers. The partnership is particularly significant given the marked increase in American Express card acceptance across the UK, with a 46% rise in the number of locations over the past three years. Worldpay, a key partner of American Express for many years, will now enable small businesses to accept…

The partnership between TG.Casino, a leading cryptocurrency casino platform, and AC Milan, a renowned Italian football club, marks a significant development in the gaming and sports sectors. Announced on May 6, both parties have expressed enthusiasm about the collaboration, which positions TG.Casino as the Official Regional iGaming Partner for AC Milan in Europe. According to the announcement shared on X by @TGCasino_, “TG Casino is proud to formally announce our new partnership with AC Milan joining them as their iGaming partner in Europe. “Players at TG Casino will soon be able to win money can’t buy AC Milan experiences and…

Payment facilitators partnered with Worldpay’s PayFac suite can now enable Tap to Pay on iPhone for their merchants, a new service initiated by two PayFac partners, Fullsteam and Autobooks. This feature allows merchants to accept contactless payments via iPhone, including contactless credit and debit cards, Apple Pay, and various digital wallets, without needing additional hardware. The 2024 Global Payments Report from Worldpay predicts a surge in digital wallet transactions by 2027, with 86% of point-of-sale transaction value expected to be conducted through digital wallets or cards globally. This shift reflects a growing trend among retailers and other businesses to offer…

After a quiet period, the demand for forex instruments surged on Saxo Bank in April. According to recent data, the monthly volume of forex instruments on the platform reached $99.3 billion last month, with a daily average of $4.5 billion. This rebound follows Saxo’s lowest monthly volume since 2016 in March, handling only $85.1 billion, marking a 7.9 percent drop in a month and a significant 45.3 percent decrease year-over-year. In April, FX volume recovered by over 16.6 percent compared to the previous month, but still saw a 3.4 percent decline year-over-year. Despite this recovery, the latest figure remains below…

Approximately three months following its announcement to penetrate the UK Individual Savings Accounts (ISAs) sector, XTB has now become an authorized manager capable of offering this popular retail investment option, tapping into a market worth approximately £400 billion. XTB, a publicly-listed Polish fintech company (listed on the Warsaw Stock Exchange as XTB), aims to roll out its initial ISA products in the UK by the upcoming autumn, as per information gathered by Finance Magnates. During an earnings conference in February after its 2023 annual report, XTB’s CEO, Omar Arnaout, disclosed plans for expansion beyond its inaugural offerings for future retirees…

Global payments infrastructure provider Mercuryo has announced its integration with zkSync, a Layer 2 scaling solution for Ethereum. This integration introduces an intuitive on-ramp service facilitating the conversion of fiat currency into digital tokens for users of the protocol. The integration aims to enhance the user experience within applications operating on the zkSync protocol. Specifically, it enables these applications to offer direct fiat-to-crypto purchases within their interface. Mercuryo’s involvement as a payments provider is anticipated to streamline transactions and render them more cost-effective by eliminating the necessity for applications to bridge assets from the underlying Ethereum network. This is expected…

Swiss National Bank Chairman Thomas Jordan remains cautious about the prospect of acquiring bitcoins, emphasizing concerns over potential drawbacks such as carbon emissions. Despite mounting pressure from advocates urging a revision of Swiss legislation to permit cryptocurrencies in the bank’s reserves, Jordan asserted that integrating bitcoin alongside its existing assets—gold, foreign currencies, bonds, and shares—requires careful consideration. “We have not yet decided that we want to invest in bitcoin. Actually for good reasons,” Jordan remarked at the central bank’s AGM, underlining the importance of liquidity, sustainability, and marketability in currency reserves. He stressed the necessity for reserves to facilitate international…

During their recent user conference, Stripe Sessions, they unveiled an impressive array of novel features, signaling their intent to encompass the entirety of financial operations. The vision extends far beyond payment processing. Stripe aims to intricately weave a web of financial tools, positioning itself as the central nervous system for businesses spanning all scales. From small local businesses to expansive enterprises, Stripe endeavors to manage every facet, from checkout experiences to fraud deterrence, tax intricacies, and revenue models. At the heart of this expansive strategy lies artificial intelligence (AI). Utilizing AI, Stripe’s checkout suite personalizes payment experiences for individual customers,…

In a significant development for the fintech sector, the shareholders of NAGA GROUP AG, a publicly listed company on XETRA (N4G), have overwhelmingly approved a merger with the brokerage CAPEX.com. During an extraordinary general meeting on April 12, a staggering 99.81 percent of NAGA’s shareholders endorsed the merger, setting the stage for a major consolidation in the industry. The press release issued on Monday disclosed that NAGA, based in Hamburg, is in the process of obtaining two additional regulatory licenses, although the specific jurisdictions were not disclosed. Together, NAGA and CAPEX currently hold nine regulatory licenses. Octavian Patrascu, the newly…

Liquidnet, an agency execution specialist, has introduced its SuperBlock initiative to strengthen its block trading capabilities. The initiative kicked off with the launch of SuperBlock Matching, designed to facilitate participation in large or less liquid block trades. This new offering caters to the needs of traders by providing a streamlined platform where such trades can be executed with ease. The SuperBlock initiative harnesses Liquidnet’s extensive global buy-side community and block trading proficiency to establish a secure environment dedicated to handling some of the market’s most complex trades. SuperBlock Matching specifically addresses the need for a more efficient and user-friendly platform…